07/27/2015
Meet the biggest winner in the history of Formula One
The American private equity house has earned more from the rise of the grand prix circuit than anyone else – even the sport’s supremo, Bernie Ecclestone
Wealth and Asset Management
07/27/2015
AFH Financial buys two IFAs for £1.1m
IFA consolidator AFH Financial has bought Quest Financial Management and Phoenix Independent Financial Services for a combined £1.1m.
07/27/2015
UBS CEO says US wealth unit is not up for sale
UBS said on Monday its U.S.-based brokerage business, formed when UBS bought broker-dealer PaineWebber in 2000, is not up for sale.
07/27/2015
Vontobel of Switzerland Profit Surged 33% on Asset Management
Vontobel Holding AG, a Swiss bank and asset manager, said first-half profit rose 33 percent as revenue from managing client money surged.
07/27/2015
BHF Kleinwort Benson to review €675m Fosun takeover offer
The move is the most aggressive so far in a push by Fosun to acquire assets across Europe’s financial services industry.
07/27/2015
Barclays Financial Advisers Split, Forming $3 Billion Indy Firm -- Street Moves
In doing so, they passed on joining Stifel Financial Corp., the regional brokerage to which Barclays has agreed to sell its U.S. wealth business.
07/27/2015
Bellpenny adds £157m of funds in 30th acquisition
National wealth manager Bellpenny has acquired the client bases and associated £157m of funds under management of Bob Bradley and Nick Bird, the two shareholders and financial planners at Croydon-based Trustee Asset Management.
07/27/2015
RBS signs pact to exit wealth management business in India
Bank’s plan is to follow up sale of wealth management business with that of its retail and corporate portfolio in India, says a top executive of RBS India
07/24/2015
Guernsey: Opportunities For Guernsey As Global Alternative Assets Predicted To Rise
A predicted rise of investment in alternative assets is expected to offer significant opportunities for Guernsey as a premier location for alternative asset funds and fund managers, in the coming years.
07/24/2015
Australia's NAB to refund 62,000 wealth management clients
The NAB compensation follows an independent review by PricewaterhouseCoopers at the request of the Australian Securities & Investments Commission.
07/24/2015
Close Brothers says full-year outlook remains unchanged
Close Brothers Group today issues its scheduled pre-close trading update ahead of its 2015 financial year end.
07/24/2015
Social media: too important for wealth managers to ignore?
So, what must wealth managers do?
07/24/2015
Hedge-Fund Tenants Set for Record Growth in London’s Mayfair
There’s a higher than average amount of space under offer in Mayfair and St James’s and a large proportion of that is from hedge funds and private equity firms
07/24/2015
Old Mutual Int’l launches trust tool to support advisers
Old Mutual International has launched a new online service with the aim of boosting its trust proposition by pointing advisers towards the most suitable trust for their customer’s circumstances.
07/24/2015
Chinese investment group bids to buy rest of BHF Kleinwort Benson
It agreed to buy German bank Hauck & Aufhaeuser Privatbankiers earlier in July. It also owns French-based holiday company Club Mediterranee and has a stake in Britain's Thomas Cook.
07/23/2015
Identifying Asia’s regional bank champions
It is the opportunity to service retail and wealthy clients in Asia that has fired banks’ ambitions
07/23/2015
Wealth management group IOOF cuts ties with financial planners
Wealth management group IOOF has let go 33 out of 48 financial planners it acquired in 2012 as part of its purchase of the My Adviser and Plan B businesses, according to trade publication Independent Financial Adviser.
07/23/2015
BNP Paribas taps ex-Silver Bridge chief for ultrahigh-net-worth assault on US
The BNP Paribas unit is aiming for a September launch
07/23/2015
Who's the Next Impact Target After Goldman Sachs Snaps Up Imprint Capital?
Some kind of impact investment proposition has become de rigueur for big banks and financial services providers, but a gap has remained between talk and action.
07/23/2015
Jersey: Family Offices And Jersey
What are the requirements when a family wants to setup a family office in Jersey?